Cairo – Mubasher: The subsidiaries of the Holding Company for Construction and Development (HCCD) have succeeded in turning to profitability through the fiscal year 2015 – 2016, according to a report published by the business sector Ministry.
HCCD owns 18 subsidiaries that registered net profits of EGP 738 million in FY15 – 16 against losses of EGP 355 million a year earlier.
HCCD’s units also recorded revenues of EGP 10.2 billion, up 36%y-o-y from EGP 7.461 billion a year earlier.
